alt Hacker News> I'm not aware of any other country that taxes them like that (besides wealth/exit taxes), so maybe they're the world's first here!
Real estate taxes.
> not the yearly increase in wealth.
Real estate taxes.
> I'm not aware of any other country that taxes them like that (besides wealth/exit taxes), so maybe they're the world's first here!
Real estate taxes.
> not the yearly increase in wealth.
Real estate taxes.
For real estate, yes, but it's a quite different type of asset with a stable value that (mostly) only goes up.
What about stocks or crypto (the assets this new law targets)? They can have wild value fluctuations in a year. If your crypto or startup's options have +1M paper gain this year and turn worthless the next year, is it fair to ask people to cough up some 300-500k of real cash in tax?